Europe Thin Film and Printed Battery Market Forecast to 2031 - Regional Analysis - by Voltage Rating, Chargeability, and Application

The Europe thin film and printed battery market was valued at US$ 46.80 million in 2023 and is expected to reach US$ 216.38 million by 2031; it is estimated to register a CAGR of 21.1% from 2023 to 2031.

Growing Focus on Sustainability Drives Europe Thin Film and Printed Battery Market

Sustainability encompasses environmental, social, and economic aspects of development and aims to create a more inclusive and resilient society. Moreover, there is growing awareness about the environmental impacts of conventional batteries, such as greenhouse gas emissions, resource depletion, waste generation, and pollution. Thus, the growing focus on sustainability can help minimize waste by being recyclable, biodegradable, or compostable.

Regulatory and reporting standards for environmental, social, and governance (ESG) performance are also increasing. ESG refers to the criteria that measure an organization's sustainability and social impact. ESG investors and rating agencies are holding firms responsible for their ESG performance and are rewarding those that demonstrate leadership and innovation in sustainability. The thin film and printed batteries can help firms improve their ESG performance by reducing their carbon footprint, enhancing their energy efficiency, and supporting their social responsibility initiatives. Thus, the growing focus on sustainability fuels the Europe thin film and printed battery market.

Europe Thin Film and Printed Battery Market Overview

The Europe thin film and printed battery market is segmented into Germany, the UK, Italy, France, Russia, and the Rest of Europe. As thin film and printed batteries are used in several applications, such as smart cards, smart packaging, medical devices, and consumer electronics, researchers in Europe are focusing on introducing advanced features in thin film and printed batteries. For instance, in September 2023, the Swiss Federal Laboratories for Materials Science and Technology (Empa), based in the canton of Zurich, plans to drive the coming generation of battery technology forward with an innovative thin-film battery through a spin-off company called BTRY.

The thin-film solid-state battery developed at the Empa Laboratory for Thin Films and Photovoltaics offers better safety and quicker charging times, lasts longer, noncombustible, tolerant to high temperatures, and can be manufactured in an environmentally friendly way. Researchers are looking for investors and customers to innovate further and market the product, which fosters the Thin Film and Printed Battery market in the region.

Europe Thin Film and Printed Battery Market Revenue and Forecast to 2031 (US$ Million)

Europe Thin Film and Printed Battery Market Segmentation

The Europe thin film and printed battery market is categorized into voltage rating, chargeability, application, and country.

By voltage rating, the Europe thin film and printed battery market is segmented into below 1.5 V, 1.5-3 V, and above 3 V. The below 1.5 V segment held the largest share of the Europe thin film and printed battery market share in 2023.

• In terms of chargeability, the Europe thin film and printed battery market is bifurcated into rechargeable and single-use. The rechargeable segment held a larger share of the Europe thin film and printed battery market share in 2023.
• By application, the Europe thin film and printed battery market is consumer electronics, medical devices, smart packaging, smart cards, wireless sensors, and others. The consumer electronics segment held the largest share of the Europe thin film and printed battery market share in 2023.
• Based on country, the Europe thin film and printed battery market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany segment held the largest share of Europe thin film and printed battery market in 2023.

Enfucell Flexible Electronics Ltd, Ilika plc, Molex LLC, RENATA SA, Samsung SDI Co Ltd, STMicroelectronics NV, Ultralife Corp, and Varta AG are some of the leading companies operating in the Europe thin film and printed battery market.

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